Glu Mobile (GLUU) now -2.8% AH in response to the light guidance accompanying its Q4 beat - a...

|About: Glu Mobile Inc. (GLUU)|By:, SA News Editor

Glu Mobile (GLUU) now -2.8% AH in response to the light guidance accompanying its Q4 beat - a huge 2H12 selloff is limiting the damage. Glu blames its Q1 forecast on "seasonality and further delays in title launches." The game developer, which ended 2012 with $22.3M in cash/equivalents, expects to end 2013 with $14M, and insists it won't need to raise fresh capital. Sales/marketing expenses +57% Y/Y to $6.3M (30% of revenue). CC underway (webcast). (PR)